Question

The cost of an article was ₹ 15,500. ₹ 450 were spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.



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Answer 1

Answer:

Hey mate,

Given :-

• C.P = ₹15500. Overhead Expense = ₹450.

So, Total C.P = ₹15950.

• Profit percentage = 15%.

Now:-

• Sp = Cp ×( 100 + profit%)/100
• sp = 15950 × (100+15)/100
• Sp = 1595 × 115/10
• sp = 183425/10

THEREFORE, SP = Rupees 18342.5

HOPE IT HELPS U..

Answer 2

Answer

• Selling price of the article = ₹ 18342.5

Given

• The cost price of an article = ₹ 15,500.
• Cost of repairing = ₹ 450.
• Profit = 15%.

To Find

• The selling price of the article.

Step By Step Explanation

In this question we already know the that -

• C.P. = ₹ 15,500.
• Repairing cost = ₹ 450.
• Profit = 15%.

We need to find S.P.

So let's do it !!

Total Cost = C.P. + Extra Cost

Total Cost = ₹ 15,500 + 450

Total Cost = ₹ 15,950.

Formula Used :

$\maltese \: \underline{ \boxed{\purple{SP = \cfrac{100 + Profit\%}{100} \: \times \: CP}}}$

By substituting the values :

Let us substitute all the values in above equation to find the selling price of the article.

$\longmapsto \sf \: SP = \cfrac{100 + 15}{100} \: \times \: 15950 \\ \\\longmapsto \sf SP = \cfrac{115}{10 \cancel0} \times 1595 \cancel0 \\ \\\longmapsto \sf SP = \cfrac{183425}{10} \\ \\\longmapsto \underline{\boxed{ \bold{ \green{SP = 18342.5\: rupees}}}} \: \: \: \: \: \bigstar$

Therefore, the selling price of the article = ₹ 18342.5

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